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So, might I propose that this is actually a symptom of a larger problem (which you seem to hint at) – irrational exuberance and the (re)inflation of a tech bubb
by incongruity 15y ago
So, might I propose that this is actually a symptom of a larger problem (which you seem to hint at) – irrational exuberance and the (re)inflation of a tech bubble that's getting dangerously close to its peak?
I've gotten downvoted for this idea recently, but I really do think that the signs are there – there's a supply/demand imbalance in the labor market because money is flowing easily and everyone's getting funded (thus inspiring more startups who further compete for labor)
So, either this means that there are tons and tons of great ideas (with equally good executions/plans) out there right now or we're seeing a return to the wild days of bubbles-past. In either case, however, it's likely not genuinely sustainable.
Sure, there's some reason to see a lot of genuine, sustainable growth in the tech world – the world's going digital so old markets go into a new medium, either with old players pivoting or new players supplanting them – but my gut tells me that's not all that's going on here.
But, then again, I'm probably just pessimistic...
- verra 15y agoGive it a few more weeks, we are almost there
- 3pt14159 15y agoIt's starting to show, but we're about two or four years off from the real meltdown. Real bubbles happen when the general public starts throwing their money in, which hasn't quite happened yet.
- incongruity 15y agoMy bet is more like 12-18 months... but, I'll say this much – the sooner it happens, the better it is for the industry. If there's enough time for the general public to get caught up in the run-up, it's going to be an even bigger fall with a longer recovery. A bit of realism now would save us from pain down the road.